In 2018，real estate development in Guiyang City completed an investment of 98.596 billion yuan，a decrease of 3.9% over the same period last year. The number of commodity house sales in Guiyang was 11.1897 million M²，an increase of 3.8% compared with last year. During the year，the inventory area of commercial housing was 10.4974 million M²，the destocking cycle was 12 months，the inventory and destocking cycle were controlled within a reasonable range. Generally speaking，the real estate market was running smoothly. Influenced by the regulatory policy，the main indicators of real estate maintained growth while the growth rate showed a downward trend.